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Li, Victor E. - In: Economic Review (2001) Q1, pp. 17-30

Money and its underlying function as a medium of exchange play a central role in determining the course of … macroeconomic activity. However, many of the models used to evaluate fundamental questions relating money and monetary policy to … economic activity simply assume currency is valued and overlook the important properties of money that influence the way it is …

Persistent link: https://www.econbiz.de/10005361040

Dual-currency economies as multiple-payment systems

Craig, Ben R.; Waller, Christopher J. - In: Economic Review (2000) Q I, pp. 2-13

Monetary search models are valuable for studying how a second currency's acceptability arises endogenously in an economy that lacks a stable domestic currency and other more sophisticated payment systems. Search models' basic assumptions (absence of credit, lack of smoothly functioning banking...

Persistent link: https://www.econbiz.de/10005707888

Bullionists' exchange rate doctrines and current policy debates

Humphrey, Thomas M. - In: Economic Review (1980) Jan, pp. 19-22

An abstract for this article is not available

Persistent link: https://www.econbiz.de/10005721323

Rival notions of money

Humphrey, Thomas M. - In: Economic Review (1988) Sep, pp. 3-9

The year 1982 saw the publication of Nicholas Kaldor’s The Scourge of Monetarism. Kaldor claimed his antimonetarist tract was in the tradition of Keynes’s 1936 General Theory. This article shows that Kaldor’s antimonetarist doctrines as well as their rival monetarist counterpart long...

Persistent link: https://www.econbiz.de/10005063819